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X co Ltd forfeited 1 000 shares of Rs 10 each...

This question belongs to Commerce Accounting
Accounting
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X co. Ltd. forfeited 1,000 shares of Rs. 10 each fully called up for non-payment of final call of Rs. 1 per share. 400 of forfeited shares are reissued as fully paid at Rs. 8 per share. The balance of forfeited share account will be:

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Correct Answer: Option A
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